EXCHANGES
TSX: DII.B, DII.A
WILTON, CT and
BOULDER, CO, Aug. 20, 2014 /PRNewswire/ - Cannondale and
Slipstream Sports, today jointly announced that Cannondale Pro
Cycling SpA and Slipstream Sports will join forces in 2015.
Cannondale, a premium brand of Dorel Industries, Inc. (TSX: DII.B
DII.A), will become a title sponsor and technical bicycle sponsor
for the team and will take an ownership stake in the management
organization of Slipsteam Sports LLC. Slipstream Sports, the
top American professional cycling organization dedicated to ethical
sport and developing the next generation of champions, will manage
the overall operations of the team. Garmin, a key partner of
Slipstream Sports since 2008, will remain a significant sponsor of
the team in 2015. More information, including the official team
roster will become available in the fall.
"Cannondale is excited to team up with Slipstream to create the
next evolution of Cannondale Pro Cycling with the most progressive
and innovative team in the peloton," said Peter Woods, President and CEO, Dorel Recreational/Leisure. "Cannondale Pro
Cycling athletes play a key role in testing our products in some of
the most extreme conditions worldwide helping us to create the
perfect ride for our consumers. We are thrilled about progressing
our product development approach with the new Cannondale Pro
Cycling while bringing exciting racing to our fans around the
world."
"Slipstream Sports and Cannondale share key
philosophies of a focus on innovation, developing the next
generation of champions and a commitment to ethical sport," said
Jonathan Vaughters, CEO of
Slipstream Sports. "We are happy to work with another company,
that, like Garmin, so closely shares our goals. We will be adding
great talent to an already outstanding roster and we believe the
team will build on past successes and will produce very exciting
racing in 2015. We look forward to what we can achieve together,
both on and off the road."
Cannondale has been involved with pro racing
since 1997 when it became the technical sponsor of Saeco and the
first US manufacturer to sponsor a European Pro Tour
team. Since Dorel acquired Cannondale in 2008,
investments in pro racing have steadily increased and have enhanced
the awareness of the Cannondale brand. In 2010, Cannondale became a
co-sponsor of the Liquigas-Cannondale Team and became title sponsor
and owner in 2013 with the creation of Cannondale Pro
Cycling.
Since 2007, the team has won three Grand Tours
including the Giro d'Italia in 2007 and 2010 as well as the Vuelta
a España in 2010. During that time, the team also won four
Tour de France jerseys, including the 2009 Polka Dot Jersey and the
Green Jersey in 2012, 2013 and at the just completed 2014 race,
along with countless prestigious individual races. Throughout
this time, the team has ridden the race-proven line of Cannondale
bikes including the SuperSix, Slice, Slice RS, Synapse and the
"Best Bike in the World," the SuperSix EVO.
Founded in 2004, Slipstream Sports has evolved
from a group of promising young U.S. riders to one of the top teams
in the Pro Tour. Garmin came on board in 2008 and remains an
important and significant sponsor of the team. Known for its
commitment to innovation, for animating races around the world, and
for its progressive anti-doping stance, Slipstream Sports has held
the yellow jersey, won stages, including recently with Stage 19 in
2014, and won the Best Team competition at the Tour de France.
Slipstream Sports has won the 2011 Paris-Roubaix, 2012 Giro
d'Italia, 2013 Liege-Bastogne-Liege, and the 2014 Dauphine, and its
riders have stood atop the podium on countless races across the
globe.
To learn more, visit www.cannondale.com or
www.slipstreamsports.com.
ABOUT CANNONDALE
Founded in 1971, Cannondale is a global industry leader with a
strong heritage in design, development and manufacturing of high
performance bicycles, apparel and accessories. With a reputation
for continuous innovation and quality, Cannondale corporate
headquarters is located in Wilton,
Connecticut, USA, with offices in Brazil, Canada, Holland, Japan, Switzerland, Australia, United
Kingdom, and Taiwan. For
more information, visit www.cannondale.com.
Cannondale is a premium brand of Cycling Sports
Group, part of Dorel Industries Inc. (TSX: DII.B, DII.A) a
world class juvenile products and bicycle company. Dorel creates
style and excitement in equal measure to safety, quality and value.
The Company's lifestyle leadership position is pronounced in both
its Juvenile and Bicycle categories with an array of trend-setting
products. Dorel's powerfully branded products include global
juvenile brands Safety 1st, Quinny, Maxi-Cosi, Bébé
Confort and Tiny Love, complemented
by regional brands such as Cosco and Infanti. In
Recreational/Leisure, brands include Cannondale, Schwinn, GT,
Mongoose, Caloi, IronHorse and SUGOI. Dorel's Home
Furnishings segment markets a wide assortment of both domestically
produced and imported furniture products, principally within
North America. Dorel has annual
sales of US$2.4 billion and employs
approximately 6,400 people in facilities located in twenty-five
countries worldwide
ABOUT SLIPSTREAM SPORTS
Founded in 2004, Slipstream Sports has evolved from a group of
promising young U.S. riders to one of the top teams in the Pro
Tour. Known for its commitment to innovation, for animating races
around the world, and for its progressive anti-doping stance,
Slipstream Sports has held the yellow jersey, won stages, including
recently with Stage 19 in 2014, and won the Best Team competition
at the Tour de France. Slipstream Sports has won the 2011
Paris-Roubaix, 2012 Giro d'Italia, 2013 Liege-Bastogne-Liege, and
the 2014 Dauphine, and its riders have stood atop the podium on
countless races across the globe.
SOURCE Dorel Industries Inc.